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Measuring Prices in a Dynamic Economy: Re-Examining the CPI
Authors:  Edgar Fiedler, Gail D. Fosler Publication Date:  October 1999 Report Number:  R-1260-99-SR Because the Consumer Price Index (CPI) has many important uses and needs to be highly reliable and accurate, it is a work in progress, always being improved. This report, from the Study Group on the Consumer Price Index, focuses on the problems of economic measurement as they relate to the CPI and makes nine recommendations for improvement. Topics covered: Background: Transforming the CPI from a static statistic to a dynamic measure How many CPIs? Substitution, quality, and outlet rotation bias Consumer expenditure weights Which consumers? More frequent reviews Funding Unfinished business Members of The Conference Board Study Group on the CPI include: Paul W. McCracken, University Professor Emeritus, Graduate School of Business Administration, University of Michigan James Tobin, Sterling Professor of Economics - Emeritus, Yale University Charles R. Hulten, Professor of Economics, University of Maryland Marvin Kosters, Director, Economic Policy Studies, American Enterprise Institute Robert D. Reischauer, Senior Fellow, The Brookings Institution		PURCHASE REPORT Research Report Price: $295.00 ($75.00 Associates) Format Hard Copy   PDF   Note: Login to download this report as part of your Conference Board membership. Report size: 140KB Add to Cart View Cart